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Proskauer Rose LLP | USA | 7 Jun 2010

District court ruling in stock-drop litigation potentially breathes new life into Section 404(c) safe harbor defense

In their continued efforts to combat the rising tide of employer stock-drop lawsuits, plan fiduciaries have frequently relied on a defense based on ERISA 404(c), 29 U.S.C. 1104(c).

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